MEDFORD, N.Y.–Suffolk FCU has made donations to two organizations.
SFCU has donated $2,500 to support Community Housing Innovation’s Homeownership Counseling & Education Program. The donation will enable Community Housing Innovation (“CHI”) to continue the efforts to empower and support families interested in homeownership throughout Suffolk County to achieve their dream.
As a long-time trusted community institution with 10 convenient locations, Suffolk FCU said it offers its members competitive rates and fewer fees to support financial freedom. Likewise, CHI offers counseling to hundreds of families, assisting with everything from home affordability analysis and the creation of a purchasing strategy and budget to homebuyer education classes and foreclosure prevention sessions. Together, the partnership between Suffolk Federal and CHI will empower people to make smart sustainable homeownership choices.
“The biggest and most important financial investment a person will make is usually the purchase of a home,” said President/CEO Michele Dean. “At Suffolk Federal, we recognize that each individual has his or her own financial story so we are committed to providing access to timely information, innovative, customized tools and important services which will benefit each individual’s particular financial situation. We want to support potential homebuyers as they achieve the ‘American Dream’ and strongly believe it is vitally important that we empower them through in-depth educational programs, such as those which CHI offers, so they can effectively navigate through this complex process,” she continued.
“Thanks to Suffolk Federal’s generous donation, CHI will bring the dream of homeownership to more families on Long Island,” said Alexander Roberts, CEO of Community Housing Innovations. “CHI looks forward to our continuing partnership with Suffolk Federal.”
In addition to CHI’s counseling and educational program for first-time owners, the organization also offers down payment and closing cost assistance for income-eligible households on Long Island as well as for those in Westchester and the Hudson Valley.
Funds to CFK
Separately, Suffolk Federal has donated $1,750 to Contractors for Kids (CFK), an Islandia-based nonprofit whose mission is to assist children and their families to overcome obstacles that have changed or impacted their lives through sickness, illness or death of a child, becoming a lifeline for so many in need.
“Contractors for Kids shines light and brings hope to families when a tragedy happens. No family should have to incur both the uncertainty of their young loved one’s unfortunate condition while struggling to stay afloat with their finances,” said Pamela Palleschi, advisory board member of CFK and VP-HR of Suffolk Federal. “Whether it is to pay a phone bill or mortgage payment, cover the expense of overwhelming medical bills or provide food when food insecurity arises, CFK volunteers are there to assist and help these families at their most difficult times. I have been truly humbled by the stories of families who have been helped. It is an honor to be part of the Contractors for Kids team.”